Re: OT: "I'm Worried About Graham". πŸ™

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Sujet : Re: OT: "I'm Worried About Graham". πŸ™
De : ft.tryon (at) *nospam* park.invalid (Coogan's Bluff)
Groupes : rec.food.cooking
Date : 15. Nov 2024, 20:44:34
Autres entΓͺtes
Message-ID : <vh88b1$7or0$2@solani.org>
References : 1 2 3 4 5 6 7 8 9 10 11 12
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D wrote:
  On Fri, 15 Nov 2024, Leonard Blaisdell wrote:
 
On 2024-11-12, Coogan's Bluff <ft.tryon@park.invalid> wrote:
Leonard Blaisdell wrote:
>
Another joke, the Federal Reserve is about to reduce interest rates.
They should double them, at least, for now.
>
Whoa...double them?
>
That'd melt the entire housing market to zero.
>
Subsidiary damage says no,plus the Fed will cut again in December.
>
>
I bought my home during the last slobbering fool's [Carter] administration
at over nine percent interest. During later, saner times, I refinanced.
At the time, homes were considerably cheaper, but the value of money was
considerably more.
The more things change, the more they remain the same. [1]
By the way, my opinion of Jimmy Carter is that he's a good man but had
no business as a president with the first traveling clown administration
of my lifetime. Who'd a thunk there would be a second, and worse?
See [1].
>
 You're a tough cookie Leo! The highest interest I ever experienced was 6.5%. The highest my parents ever experiences I think was 15%. Their home was purchased for 20k USD and is valued at 1 100 000 USD today. That's inflation for you!
Here's a sad fact on catchup - that $1.1 million today would just barely buy a mini mansion on a couple of acres in Montana now.
Back in the day you could have owned a street corner in Helena for that price!

Date Sujet#  Auteur
7 Nov 24 * OT: "I'm Worried About Graham". πŸ™296gm
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